233
233
Jan 9, 2013
01/13
by
CNBC
tv
eye 233
favorite 0
quote 0
i've got a problem with the debt ceiling. let me pick a guy who almost all sides agree is one of the foremost experts when it comes to the budget. >> rick, what do you think? jump in here. >> well, you know, carlton college, harvard, '73 and a to tip o'neill, a former lifer bureaucrat here. instead of someone like a jamie dimon, and i think steve is absolutely right. i don't think there's a human being on the planet who knows the current budget and its issues better than jack lew which is exactly the reason i would say he's absolutely not my first choice for the job or the fifth guy in line to be president should anything happen to the other four because i think he's going to have a parental relationship, so to speak, with the budget and its process in trying to change it, and i think that that paternal instinct is going to be defending it versus, you know, actually trying to make a difference. looking at the budget even though we technically haven't had one. we've had continuing resolutions. i think we need someone that will
i've got a problem with the debt ceiling. let me pick a guy who almost all sides agree is one of the foremost experts when it comes to the budget. >> rick, what do you think? jump in here. >> well, you know, carlton college, harvard, '73 and a to tip o'neill, a former lifer bureaucrat here. instead of someone like a jamie dimon, and i think steve is absolutely right. i don't think there's a human being on the planet who knows the current budget and its issues better than jack lew...
103
103
tv
eye 103
favorite 0
quote 0
deal with the debt ceiling? >> the fiscal cliff did not fix the debt. is this tax policy or fixing in debt and deficit? and but i was a big supporter to say we got it deal with debt and deficit. >> you voted against the fiscal cliff? >> we have three saying scram together by the senate and the presidency. the debt ceiling, and the sequestration also a continuing resolution. of three moments are a good moment to do with spending but they are very different. sequestration is we will cut spending $100 billion. >> what i asked is can we trust congress to do the right thing when it comes to the debt ceiling? seventy-seven% of the people say washington d.c. is hurting the nation. folks are on to the game how likely is you can solve the debt ceiling issue and also save money? >> that will complete the depend on everybody coming to the table. we have the senate that things one thing in the house that thinks something different to. and tell there on the same page it is tough. the senate has not passed a budget in four years? it makes it difficult to do a budget
deal with the debt ceiling? >> the fiscal cliff did not fix the debt. is this tax policy or fixing in debt and deficit? and but i was a big supporter to say we got it deal with debt and deficit. >> you voted against the fiscal cliff? >> we have three saying scram together by the senate and the presidency. the debt ceiling, and the sequestration also a continuing resolution. of three moments are a good moment to do with spending but they are very different. sequestration is we...
63
63
Jan 9, 2013
01/13
by
CNBC
tv
eye 63
favorite 0
quote 0
they have to make it up in the fiscal debt ceiling increase. they have to insist on spending cuts. what it means is having lost once on december 31st, they are tougher to negotiate the next time around. >> they always said it would come to a political game with the chicken or the debt ceiling. >> correct. >> see you soon. >> got breaking news right now. stunning news coming into the cnbc newsroom. what is it? >> for the third time since 1965, baseball writers of america did not elect a single person into the baseball hall of fame. this a big deal because a lot of players associated with the steroid jer gentleman were up. i want to give people percentages here. barry bonds received 36.2% to get in. roger clemens, mark mcguire 16 ppt 9 and sammy sosa 12.5%. shock numbers there. the closest to get in is craig bijo. 68% plus. in terms of the order. so none of those players talking clemens, and barry bonds and sammy sosa even in the top six. back to you. >> tainted era. >> yes it is. >> thank you very much. before we go to break, check out thing that makes you go hhmmmm. a new survey sh
they have to make it up in the fiscal debt ceiling increase. they have to insist on spending cuts. what it means is having lost once on december 31st, they are tougher to negotiate the next time around. >> they always said it would come to a political game with the chicken or the debt ceiling. >> correct. >> see you soon. >> got breaking news right now. stunning news coming into the cnbc newsroom. what is it? >> for the third time since 1965, baseball writers of...
93
93
Jan 9, 2013
01/13
by
MSNBCW
tv
eye 93
favorite 0
quote 0
lew would take over on the eve of another debt ceiling battle. in round one during the summer of 2011, boehner's top staffer called lew's debt ceiling negotiations disrespectful and dismissive. according to david plouffe, that is because jack knows the numbers and republicans couldn't pull a fast one. two names are being floated to replace lew, dennis mcdonagh, currently his deputy national security adviser and ron klain. but the latest cabinet nomination is, surprise, creating consternation among who else, congressional republicans. after calling chuck hagen an in-your-face nomination outside of the mainstream, the pugnacious gop has already made known its displeasure with jack lew, calling his nomination controversial, a mistake, and worst of all, irritating. according to senator mike johanns of nebraska, i just think there are economic policies in this administration that haven't been well received and jack lew is in the middle of that. you heard that correctly, america, president obama intends to name a treasury secretary who agrees with his
lew would take over on the eve of another debt ceiling battle. in round one during the summer of 2011, boehner's top staffer called lew's debt ceiling negotiations disrespectful and dismissive. according to david plouffe, that is because jack knows the numbers and republicans couldn't pull a fast one. two names are being floated to replace lew, dennis mcdonagh, currently his deputy national security adviser and ron klain. but the latest cabinet nomination is, surprise, creating consternation...
149
149
Jan 9, 2013
01/13
by
CNBC
tv
eye 149
favorite 0
quote 0
we have government shut downs and debt ceilings. vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury secretary, which is managing the budget, you can't have a better guy than jack lu. you can talk a lot about it. >> that is where i disagree. this is not, hang on a second. i'm going to give jimmy a whack at this. this is not the director of the office of managing the budget. that is where i used to work. this is about financial matters. this is about guys who know what goes on at the world's financial capitol. this is about guys who used to look after the currency and about guys who are going to have to deal with republicans over the debt ceiling and acc
we have government shut downs and debt ceilings. vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury...
112
112
Jan 9, 2013
01/13
by
CNBC
tv
eye 112
favorite 0
quote 0
ceiling. this is where jack lew's experience and knowledge can come in and i would expect, sue, and tyler, that he would be confirmed pretty easily. even though he has tough questioning at confirmation. >> let's bring in steve liesman. he is low drama, low confrontation. he doesn't have wall street regulatory. who is lew? >> i think the first theng i will do is begin the series of puns beginning with jack lew's name. let me say more about jack lew, we call this one, you don't know jack. >> of course you do. >> this is a financial education. beginning with harvard and georgetown. but that never disqualified anybody. tip o'neill 93 and '94, special to president clinton. and that's what john harwood was talking about. incredible expertise with the budget. moving on in 2006, new york university as executive advice president. then a stint at citigroup. first at global wealth management and next in a controversy by the way that comes up with a large bonus he got while citigroup was getting tart mone
ceiling. this is where jack lew's experience and knowledge can come in and i would expect, sue, and tyler, that he would be confirmed pretty easily. even though he has tough questioning at confirmation. >> let's bring in steve liesman. he is low drama, low confrontation. he doesn't have wall street regulatory. who is lew? >> i think the first theng i will do is begin the series of puns beginning with jack lew's name. let me say more about jack lew, we call this one, you don't know...
99
99
tv
eye 99
favorite 0
quote 0
if confirmed he will have to jump into the debt ceiling debate. that will be trial by fire, isn't it? rich edson is live at the white house. >> this is the reason why he is selected. he has really been a budget person here in washington for the past 30 years. he was budget chief under the clinton white house and obama white house. he has been in all the particular budget fights especially next to president obama with the debt ceiling year-and-a-half ago in most recent recent round. according to folks early in the week telling us at fox we would get announcement by the end of this week that jack lew would likely be the next treasury secretary pick from president obama. we don't have much week left. on friday the president of afghanistan, hamid karzai is expected to be here at the white house. that has us all looking at tomorrow as the official date for this. the reasoning behind that, yes, he has been in on all of the budget fights. he spent all of last few years really of his career in washington, d.c. in the federal government. he spent a few yea
if confirmed he will have to jump into the debt ceiling debate. that will be trial by fire, isn't it? rich edson is live at the white house. >> this is the reason why he is selected. he has really been a budget person here in washington for the past 30 years. he was budget chief under the clinton white house and obama white house. he has been in all the particular budget fights especially next to president obama with the debt ceiling year-and-a-half ago in most recent recent round....
143
143
Jan 9, 2013
01/13
by
MSNBCW
tv
eye 143
favorite 0
quote 0
that means we'll actually hit the debt ceiling there. meaning anybody with any kind of romantic life will notice. >>> and later, meeting with joe biden at the white house, and in the rewrite tonight, why has no one mentioned me to take john kerry's senate seat when he gets confirmed as secretary of state. do i have to do everything myself around here. krystal, do i? >> no, i have been talking about you from day one. >> all right, well, that is going to be in the rewrite. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> the greatest govern or of al time, i mean the greatest, i don't mean just state, i mean colonial governors, the greatest governor in the history of governors. massachusetts governor duval patrick will get to appoint a united states senator for the second time. no massachusetts governor has ever
that means we'll actually hit the debt ceiling there. meaning anybody with any kind of romantic life will notice. >>> and later, meeting with joe biden at the white house, and in the rewrite tonight, why has no one mentioned me to take john kerry's senate seat when he gets confirmed as secretary of state. do i have to do everything myself around here. krystal, do i? >> no, i have been talking about you from day one. >> all right, well, that is going to be in the rewrite....
199
199
Jan 9, 2013
01/13
by
CNBC
tv
eye 199
favorite 0
quote 0
if we have a problem with the debt ceiling. china is straight up. what is klaus's view on china? he thinks the new regime came in and said, you know what, we've been way too tight, way too worried about inflation. let's put on the jets, infrastructure spend. what i think they're developing in china, and i candidly get this from klaas, it's a sewer situation. i know that sounds strange. but literally they've got to do infrastructure underneath the cities. there's trillions of dollars to spend. i like the call for what he says about china. it is bullish. >> as a theme, a year where a lot of investors i've talked to, it's somewhat themeless. so they're looking for things that they can build a portfolio. >> china, autos, trucks. talking about 11% growth, back to double digit growth in china, i listened to byron. i wanted to slit my throat because he's aggressive about the s&p. now back to china. >> byron on china said the reformers are actually going to make some traction this year, and shares up 20%. >> that is all good news. so instead of being emergency trach yo tracheotomy with a
if we have a problem with the debt ceiling. china is straight up. what is klaus's view on china? he thinks the new regime came in and said, you know what, we've been way too tight, way too worried about inflation. let's put on the jets, infrastructure spend. what i think they're developing in china, and i candidly get this from klaas, it's a sewer situation. i know that sounds strange. but literally they've got to do infrastructure underneath the cities. there's trillions of dollars to spend. i...
105
105
Jan 9, 2013
01/13
by
MSNBCW
tv
eye 105
favorite 0
quote 0
and they're going to be divided on the debt ceiling. you've got guys like mcconnell and boehner say -- >> you may be right. the restoration of the old northwest republican party under the leadership of chris christie. somebody's got to bring it back which you're part of. you don't act like it sometimes. you're going to be one of them. wouldn't you like to be press secretary to chris christie of the united states? what a job. >>> what's wrong with this picture? here's what a gathering of president obama's top cabinet officials and aides might look like. a lot of people are looking at this saying where are the women and minorities? the group that put the president back in the white house. >>> also could the answer to the gop's problems be found somewhere in the swamps of jersey? sounds like the colonial wars. that's a bruce springsteen reference. now one of the biggest fans is chris christie. he may be what they need to break out of their super religious people. here's my question. how does a pragmatist like christie get through a tea par
and they're going to be divided on the debt ceiling. you've got guys like mcconnell and boehner say -- >> you may be right. the restoration of the old northwest republican party under the leadership of chris christie. somebody's got to bring it back which you're part of. you don't act like it sometimes. you're going to be one of them. wouldn't you like to be press secretary to chris christie of the united states? what a job. >>> what's wrong with this picture? here's what a...
153
153
Jan 9, 2013
01/13
by
CNBC
tv
eye 153
favorite 0
quote 0
the debt ceiling or abyss? our -- >> both. >> our long-term problems or the debt ceiling? both? >> both. absolutely both. you know, it's maybe early -- >> everybody's got the leave off the zeros, it's compelling. making $22,000. we're spending 38, adding $16,000 to our credit card every year. >> and you owe -- >> we already owe $150 -- $162,000. that does -- that hits home. can you imagine a household trying to operate like that? >> people write back that the analogy is flawed because the household, as a household you're earning currency -- it shows how much we've overspent. >> we cut -- and we raised $38 or something. >> it's too small, right? at $600 billion over ten years, it's not even a drop in the bucket. and i think we get to the debt ceiling debacle perhaps, you know, we've already heard the bid offer starting. we've heard the democrats say, look, we want more revenues. have we fixed the tax issue? i don't think the markets completely appreciating that part of the debate. $600 billion, i think obama wanted $1.6 trillion. i think boehner got us to 800. that was the bid of
the debt ceiling or abyss? our -- >> both. >> our long-term problems or the debt ceiling? both? >> both. absolutely both. you know, it's maybe early -- >> everybody's got the leave off the zeros, it's compelling. making $22,000. we're spending 38, adding $16,000 to our credit card every year. >> and you owe -- >> we already owe $150 -- $162,000. that does -- that hits home. can you imagine a household trying to operate like that? >> people write back...
202
202
Jan 9, 2013
01/13
by
CNBC
tv
eye 202
favorite 0
quote 0
nathan, you've got the debt ceiling debate on the horizon, even if we get another credit downgrade. you don't think that's a big risk either. >> look what happened when we had the last credit downgrade, maria, did just fabulous. bonds you'll get the coupon. look for a 9%, 10%, 11% return or you'll be very disappointed. i agree with rick, and i think what we'll get mostly is the coupon off the bonds. i still like large cap. i'm about 65% in large caps here in the united states. the rest of it is in large caps, in europe and over in asia, and i think that's particularly emerging market debt and emerging market stocks. i like those. we've also increased our stock position by about 5 p. my guess is that this congress is going to give us a few more opportunities, maria, to be buying as a dip before we get to the second half of the year, and when i find myself agreeing with merrill lynch as an independent adviser, i don't know, but i like what kate moore had to say. >> what you're saying basically is you've got to be in the market but look for the right places because we'll see selloffs a
nathan, you've got the debt ceiling debate on the horizon, even if we get another credit downgrade. you don't think that's a big risk either. >> look what happened when we had the last credit downgrade, maria, did just fabulous. bonds you'll get the coupon. look for a 9%, 10%, 11% return or you'll be very disappointed. i agree with rick, and i think what we'll get mostly is the coupon off the bonds. i still like large cap. i'm about 65% in large caps here in the united states. the rest of...
196
196
Jan 9, 2013
01/13
by
CNBC
tv
eye 196
favorite 0
quote 0
. >>> the relief, finally had positive action today, but we all know with the battles over the debt ceiling, we could be looking at very difficult moments over the next couple of months. and that's why all week we've been focusing on the noneconomic big jpmorgan health care conference starting on monday where biotech and pharma countries strut their stuff. this is a small billion dollar biopharma firm focused on neuroology. back in 2010, accorda received approval for a drug called emperia that helps people gain their ability to walk. talk about how horrible this disease is, but it is also a lucrative disease for those who are trying to combat it, why? because it's a lifelong chronic condition. at this point, though, accoacor has gotten all the low-hanging fruit. the really impressive thing about this story is they could have multiple implications. that's the holy grail of the drug business. right now acorda is conducting phase two studies seeing if it can work on people with cerebral palsy. half of them have mobility issues. these additional indications are still in the early stages of bein
. >>> the relief, finally had positive action today, but we all know with the battles over the debt ceiling, we could be looking at very difficult moments over the next couple of months. and that's why all week we've been focusing on the noneconomic big jpmorgan health care conference starting on monday where biotech and pharma countries strut their stuff. this is a small billion dollar biopharma firm focused on neuroology. back in 2010, accorda received approval for a drug called...
57
57
Jan 9, 2013
01/13
by
CNBC
tv
eye 57
favorite 0
quote 0
and all the worries over the upcoming debt ceiling, this market wants to go higher. we saw new money coming in from hedge funds, 401(k)s, pension funds. of course then there is the fed. the easy money policies from ben bernanke and global central bankers have created a situation where there simply are few alternatives to u.s. equities, to get any kind of return. so, do fundamentals matter? when we see a down day for stocks, traders say, it's not heavy selling, just a lack of buyers for the day. i've been predicting a disappointing fourth quarter earnings and i think things are tough out there. every business manager i talk to says the uncertainty looms large. we may see disappointment that will send this market lower over the near term. but that's just a trade. the trend seems very much to be buy on the dip, again and again. so, with $3.6 trillion still on the sidelines, fewer alternatives away from u.s. eck whatties, europe a mess, asia slowing. i would have to say, don't fight the fed. have a great night, everybody. stay with cnbc. here's "fast money" now. >>> live
and all the worries over the upcoming debt ceiling, this market wants to go higher. we saw new money coming in from hedge funds, 401(k)s, pension funds. of course then there is the fed. the easy money policies from ben bernanke and global central bankers have created a situation where there simply are few alternatives to u.s. equities, to get any kind of return. so, do fundamentals matter? when we see a down day for stocks, traders say, it's not heavy selling, just a lack of buyers for the day....
245
245
Jan 9, 2013
01/13
by
FOXNEWSW
tv
eye 245
favorite 0
quote 0
wasn't part of the impending negotiations now with the debt ceiling, wasn't it dependent on the fact that the senate would have to pass a budget? i think they were trying to put the onus on them. it's a good idea. >> brian: do you know they have a committee system where the president is supposed to submit it to the budget committee, that they look at it and then put it to the jensenly. we don't even do that. >> steve: john boehner made it clear he's going back to the way they did it for years and years and that is out in the open, house will do its business, send it to the senate and then they'll figure it out with the president. >> gretchen: let's do some headlines for you now because the widow of the million dollars lottery winner says she has no idea who poisoned her husband with cyanide. she says he had no enemies. earlier on "fox & friends," forensic pathologist said exhuming his body could be a mistake. >> the purpose is not to find out the cause of death. what it may be is determine how it was given. is there cyanide in the stomach, which would indicate it came in food? but no
wasn't part of the impending negotiations now with the debt ceiling, wasn't it dependent on the fact that the senate would have to pass a budget? i think they were trying to put the onus on them. it's a good idea. >> brian: do you know they have a committee system where the president is supposed to submit it to the budget committee, that they look at it and then put it to the jensenly. we don't even do that. >> steve: john boehner made it clear he's going back to the way they did it...
286
286
Jan 9, 2013
01/13
by
MSNBCW
tv
eye 286
favorite 0
quote 0
. >>> coming up next from the upcoming debt ceiling fight to the rancor over chuck hagel's nomination for defense secretary, the political battles that are dominating the start of the president's second term. "hardball's" chris matthews joins the conversation. >>> also ahead, she's mad as he lrk l and not going to take it anymore. actress laura dern takes us inside season two of her hbo hit series "enlightened" which she won a golden globe for last year. >> first -- >> he's never won a golden globe. >> has he won anything? has he even won our respect? >> no. >> yes. he won our respect a long time ago. >> really? they think he's a sweet boy, right? >> we trust him. >> he's the cronkite of weather. >> he is. it's so funny you say that. you know who else said that? nobody. bill? >> thank you, guys. that was one for the reel that i will save for a long time. love you, too. good morning, everyone. the rain and thunderstorms continues up through texas. the warm air dominates the weather map. we'll be dealing with travel issues. if you're leaving the house in dallas flooded roadways in and a
. >>> coming up next from the upcoming debt ceiling fight to the rancor over chuck hagel's nomination for defense secretary, the political battles that are dominating the start of the president's second term. "hardball's" chris matthews joins the conversation. >>> also ahead, she's mad as he lrk l and not going to take it anymore. actress laura dern takes us inside season two of her hbo hit series "enlightened" which she won a golden globe for last year....